If you only have one or two houses, the management company only sees you as a very small income stream.

I want to create a stream of passive income through a rental portfolio, starting out with small houses to figure it out and then transition into multi-family as time progresses.  

Our primary goal is to create a steady passive income stream.  

So people are spilling over into the adjacent neigborhood to Wesley Heights.

A couple phone calls with the NYDepartment of Environmental Conservation may give you an extremely low-effort, hands off cash stream.

I mean anyone can spill something on a carpet, but in general this area attracts good people as tenants.

The idea of having a stable stream of work is appealing and I've also had a great interest in notes (I've been to several of Eddie Speed's Note Expos and they're always great).

Having a tenant mop a laminate floor with too much water or leave a spill too long, and it could ruin the whole floor.  

The IP spill was very localized.

Sitting dead in a property makes it mandatory that you attribute a return to that cash before you start counting profits from the rental income.A rental property does generate a income but the cash in the property also generates it's own income stream.